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Stock Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Erayak Power Solution Group Inc. - Class A Ordinary Shares (NASDAQ:RAYA)
Crossroads (-60) - RAYA is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RAYA?
MarketClub looks at technical strength and momentum to determine if the timing is right for RAYA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for RAYA
The long-term trend has been UP since Oct 16th, 2024 at 1.07
The intermediate-term trend has been DOWN since Dec 19th, 2024 at 1.12
The short-term trend has been DOWN since Dec 17th, 2024 at 1.21
Smart Scan Analysis for RAYA
Based on our trend formula, RAYA is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.1600 | 1.1600 | 1.0876 | 1.1500 | -0.0400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.1700 | 12504 | 2024-12-24 11:11:42 |
| 52wk High | 1.78 | 52wk High Date | 2024-11-05 |
| 52wk Low | 0.5 | 52wk Low Date | 2024-02-12 |
| Average Volume | 11,285 | Shares Outstanding | 11,000 |
| Assets | 35,285,266M | Liabilities | 15,083,178M |
| P/E Ratio | 12.8 |